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FOX Business
Dec 28, 2012 5:00pm EST
fight with a new congress, right? >> yeah. this would be another can-kicking exercise. it would also likely or possibly include any type of spending reform or tax reform to be continued through next year. adam: there's the president. rich, thank you. >> for the past couple of months i've been working with leaders of both parties to try and forge an agreement that would grow our economy and shrink the deficit. a balanced plan that would cut spending in a responsible way but also ask the wealthiest americans to pay a little more. and above all, protect our middle class and everybody who is striving to get into the middle class. i still want to get this done. it is the right thing to do for our families, four or businesses and for our entire economy but the hour for immediate action is here. it is now. we're now at the point where in just four days every american's tax rates are scheduled to go up by law. every american's paycheck will get consider bring smaller. and that would be the wrong thing to do for our economy. it would be bad for middle class families and it would be bad for bu
MSNBC
Dec 28, 2012 3:00pm PST
that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> it comes after speaker boehner left the white house. he didn't say anything to reporters and neither did anyone else who was seen leaving the meeting. here's what we do know. in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators reid and mcconnell. he urged them to extend jobless benefits. we can deal with cuts to defense and domestic programs later. but let's take care of the middle and working class right now. give them assurance right now. joining me is congressman chief ellison. he's co-chair of the
CBS
Dec 28, 2012 4:00am EST
. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time president obama has met face to face with congressional leaders since mid-november. duarte, tick tock. >> thank you. >>> general schwarzkopf is being remembere
LINKTV
Dec 28, 2012 3:00pm PST
sunday, right, to do with the fiscal cliff? >> i have been in washington waiting to see if congress would be called back into session, as it should be. there really is no legitimate reason why the country should be facing serious tax increases for middle-class and also spending cuts that will further slow down the economy. we have made all of the wrong choices. we should be talking about jobs and more people involved in paying taxes. we should be talking about rebuilding america's infrastructure, china has gone ahead with high-speed trains and massive investment in infrastructure. instead, we're back to the same old arguments about taxes and spending without really looking at what we're spending. we just passed the national defense authorization act the other day, another $560 billion just for one year for the war machine. so we're focused on whether or not we will cut domestic programs now? are you kidding me? >> congressman, the recent election was seen by many as a mandate from the electorate to finally be able to tax the wealthiest americans, to deal with some of the deficit. yo
WHUT
Dec 28, 2012 6:00pm EST
congress right now who will carry on these struggles for privacy, against drones? >> i would hope people i have worked with in the past like barbara lee, alan grayson and others would continue the efforts. there are people on both sides of the aisle which expressed concern. you have to remember we put together a very powerful coalition in challenging the war in libya that was a collision between democrats and republicans that reflects a new concern about where is america going? why are we letting the president or the white house determine that we should expand war? we don't even involve congress anymore. i think you are going to see continued efforts. the question is, the strength of it. and the question is, as a function of the work of political parties, why political parties have essentially been outside of this debate over civil liberties? why have the parties watched as the skirmishes that go on inside congress are really not emboldened by the support of either side of the aisle in some official party structure? that is what i'm saying. as we look toward a new year, we may be looking
ABC
Dec 28, 2012 4:00am PST
public. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from kuwait. in retirement, he championed causes. norman schwarzkopf was 78. >>> now, to former president george h.w. bush's condition. his chief of staff says he will be in the hospital for a while. the 41st president is recovering from a terrible case of
ABC
Dec 28, 2012 4:00am EST
believed to be russia's retaliation for a set of human rights sanctions passed by congress and signed into law this month by president obama. >>> sunday's football game in indianapolis is more than just about winning. it will also be a triumph over adversity and personal battles won. abc's t.j. winick reports on the reversal of fortunes for the colts and their coach. >> reporter: coming into this nfl season, the challenges for colts' first-year head coach chuck pagano were many. a team that finished the league-worst 2-14, last year. >> the indianapolis colts select andrew luck, quarterback, stanford. >> reporter: and a rookie quarterback, taking over for the departed peyton manning. but less than a month into the season, those challenges were nothing, compared to the devastating personal news he received. >> the conclusion came down that he did have leukemia. >> reporter: the 52-year-old was forced to take a leave of absence for treatment, which included chemotherapy. expectations fell for the new-look colts. and yet, they've defied all expectations, behind rookie q.b. andrew luck and
ABC
Dec 28, 2012 5:30pm EST
it would be bad for businesses that depend on family spending. fortunately, congress can prevent it from happening, if they act right now. i just will a good and constructive discussion about how to prevent this tax hike on the middle class. i'm optimistic we may be able to reach pan agreement that will pass both houses in time. senators reid and mcchon nell are work -- mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a blase sick package for an up or down vote, one that protects the middle class from an income tax high, extends the vital lifeline of pun insured been fits and a plan for an economic growth and deficit reduction. >> that was president obama talking with four days left in that fiscal cliff deadline saying he's hoping congress will reach a deal on this. if not, he's asking them to bring a package to the floor that will protect middle class mrns. >>> coming up all brand-new at 6:00, american families are now banned from adopting
CBS
Dec 28, 2012 6:00am EST
to see that's going to happen with the fiscal cliff. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are. five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the onlyway a bill could come through the you woulds in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, don will be
CBS
Dec 28, 2012 4:30am PST
. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> it is ne
FOX News
Dec 27, 2012 10:00pm PST
years. and you are right, future congresses can change. last year when we had the big debt ceiling fight and the budget control act and everybody was worried about that, we pass add budget control act and set limits on spending, we exceed them all the time. we bring up a point of order and they said we decided we don't care anymore, a year later. so they don't obey their own rules. it's why people are so frustrated with congress is he pass rules on ourselves like we are supposed to read the bills and brent them up and put them on line and we disobey the rules. the majority votes and say we don't care. >> we will hit the debt ceiling soon. two questions. one, would you agree for any reason to raise the debt ceiling, and number two, if we hit the debt ceiling, does this mean the americans will not get their tax refunds when they apply for them in january, february and march or will they be delayed? >> i would raise the debt ceiling under one condition and that would be a balanced budget amendment to the constitution. barring that, people in congress, those who have met up here, they
ABC
Dec 28, 2012 12:00pm EST
for those earning $250,000 or less. but even that seems unlikely. >> the american people have a right to be very upset with this congress. >> publicly, both sides have ratcheted up rhetoric, pointing the finger. >> john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> the only reason why democrats have been trying to defect -- deflect attention over the past few weeks is they did not have a plan of their own. >> the path for the rest in the hands of the senate. house republican leaders say they will take action on whatever bill can pass the chamber. if there is a breakthrough, the legislation will not pass until the 11th hour or because house members to not return here until sunday night. abc news washington. >> new word on a potential dockworkers' strike that could cripple the nation's economy. the mediator now says contract with the longshoremen on the east and gulf coast have been extended for 30 days. thousands of workers at the port of baltimore and 14 other ports from boston to houston were ready to go on strike sunda
CNN
Dec 28, 2012 11:00am PST
you see right there. he's sitting down with the top four leaders of congress. they're trying to find a way to prevent the january tax increase that's about to wallop taxpayers. a short time ago, we got a glimpse of how speaker john boehner. he was on his way to the white house. and just moments ago, we saw the top senate democrat, harry reid, pull up to the west entrance, and into the white house through a side door. jessica yellin standing by for us at the white house on the lawn, set the scene for us if you will. it is very dramatic. >> reporter: it is game time here at the white house. if they're going to reach a deal, this is the meeting where they'll do it. i understand both leader reid and leader mcconnell from the senate have arrived. we have not seen speaker boehner or nancy pelosi, leader pelosi walk into the white house yet. before i plugged in at least she hadn't, they hadn't arrived. but it is a matter of minutes until they should all take their seats in the oval office and begin the discussion that should help resolve whether or not the nation will go over the fiscal cli
ABC
Dec 28, 2012 6:00am EST
the house back into town for an unusual sunday session. but members of congress understand the 11th-hour actions may not be enough to appease the public. >> the american people have a right to be very upset with this congress. >> the fiscal cliff will bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes will plunged the u.s. back into recession. one possible effect of the fiscal cliff, milk prices could buy $2 or $3 a gallon because farm programs expire at the end of the year. some are calling that dairy cliff. correct the fiscal cliff is not the only potential economic hazard on the horizon. thousands of workers at the port of baltimore and 14 of reports from boston to houston are threatened to go on strike this sunday. those ports move about 40% of the nation's container cargo traffic. the economic damage would reach well beyond the docks. >> from your mom-and-pop retailers to the farmers to the trucking companies will have to go pick up the containers at the ports. this will be fe
FOX Business
Dec 28, 2012 3:00pm EST
. lauren, who's the grinch who stole the rally? the folks inside the beltway; right? >> it's congress. it's a really bad week and bad month for stocks. this is when we have a santa claus rally, final ten days of the year are supposed to be really stroke. not the case today. you talk about the low of the session. i tracked this. we were down 170 points at the low of the session. i didn't remember seeing it, but we were. hp, a grinch itself, continuing the decline adding to its 46% yearly decline, the biggest loser so far this year i'm learning. >> yeah, it is the biggest loser on the dow, especially today, down today. this on news that the government
PBS
Dec 27, 2012 4:30pm PST
have sadly almost no impact on the long- term debt trajectory, but right now, neither markets nor the congress care about that. >> reporter: congress has never been terrific at long-range planning, but now the definition of long range seems to be 48 hours. >> you don't hear people talking, well a year from now, we allyeed to be here. you hear, well we need to do that this week. we need to do that day after tomorrow. this short-time frame horizon is new and i think people who think we are going to have tax reform and entitlement reform next year are way, way off base. >> cutting short his vacation but it's unclear whether he has the power to force a last minute solution through a deeply divided congress. >> darren gersh. >> so, joe, how bad could that be? >> i had, susie. unfortunately, the economy has been gaining momentum, if you look at the labor market as well as housing making progress. but if we would see a fall from the fiscal cliff, it's not in our own estimates that those in the congressional budget office would be enough to impart a recession in the first half of 2013. i thin
MSNBC
Dec 27, 2012 11:00pm PST
on anything and you're mistrusted by the right. >> yeah, for sure, but also there's also another battle every other day in congress, and so if john boehner can get the house through this moment, you know, eric cantor doesn't necessarily want to be speaker because then all these problems fall in his lap. if he has a chance to get the house through this present crisis and move on to other issues there are -- >> if he can get through this, he can survive. the question is whether speaker boehner really is in control of his caucus. earlier this month he raised the ire of several on the right when he removed several heads of committees. the whole episode gave boehner the feel of a substitute teacher who is accountable for what happens in the classroom but isn't really in control of the kids. well, that's pretty good. after boehner's plan "b" failed, conservative columnist jennifer rubin wrote this, quote, his caucus has rendered boehner a nonplayer in any future fiscal negotiations because he can no longer speak for his conference. perhaps boehner should quit and let the house gop stew
ABC
Dec 28, 2012 5:00am PST
appease the public. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast, more rain on the way? >>> in due time we'll get light rain not this morning high clouds to the east from sutro tower in san francisco where dry now live doppler 7 hd spinning tracking the showers, the rain i should say as it is developing over the ocean water right now let's see how far that is, 41 miles from santa rosa, 51 from san francisco, under the returns, very dry air, sprinkles at best lieu the 30s, just updated these the entire peninsula, upper 30s only 40s left, half moon bay 41, oakla
FOX Business
Dec 28, 2012 6:00pm EST
day of the same things. and i think you're right. the normal person, the people who look at their paycheck, every week, every two weeks, every month, they will know who the problem child is and it is not the senate. it is not congress. it is the lack of true leadership of the president's. gerri: gerri: yes, you said that earlier. rich edson, we have been waiting for this all day long. we had cameras at the white house watching people exit. do you think this comes as a disappointment to most people? the resolution of today and of that meeting? were leaving something good can come from a? >> i think after you hear from leadership and the president, when you got the first reports, the administration officials have basically put on the table what he had been reiterating last week in his speech. what was basically what he had put on throughout the entire campaign. just deal down version. it didn't look all that good. but as you now have this assignment for the senate leaders to get together and hammer something out, on a scale that we have been talking about right now, this is the only
CBS
Dec 28, 2012 6:00am PST
people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> today's meeting will
MSNBC
Dec 27, 2012 4:00pm PST
republican leaders have in congress is going to be dictated by this very hard right tea party caucus, and so they're not in a position of strength. they're in a position of -- excuse me, they're in a position of strength. that dictate what issues get tackled and the interaction between congress and the presidency. >> as long as the hard right is only afraid of the hard right back home, the further hard right, they have a lot of strength. >> yeah, and i don't think this type of party can become a governing party for those reasons. >> do they want it? do they want to? >> some of them don't. some would rather go down fighting. >> you can survive in congress for 30 or 40 years simply issuing press releases trashing the government. >> easily. >> that's all you have to do. >> there's 100-plus that could be there forever. >> they're all stuck with the committee chairs. the democrats would love to be the committee chairs, and the republicans would love to be the ranking opposite member who doesn't have to do anything. it's so bad. anyway, what a disgrace. ryan grim, thank you. [ male announc
MSNBC
Dec 28, 2012 8:00am PST
there's so fewer moderates left, because so few seats are competitive. members of congress -- it's a lot different right now when it comes to the republicans. >> then no one will be raising taxes. we just couldn't come to an agreement. look how great the 113th is to start off the new years. >> and everyone gets to say, you know what? none of our problems will be solved. >> i'm over the fiscal cliff. i'm over you. i really am. >> i quit it, too. i'm with you, thomas. >> i wish i could quit it. >> this is political coward is at its finest. they have passed the bill that lets them do the things that they really want to do. republicans would love to eat into entitlements, but has no fingerprints to say, hey, we didn't do it, the fiscal cliff did it. >> this could be easy to do, i think, because they were close a week ago, then boehner put forward that gimmick on plan b. if they can't get this solved, how will we deal with immigration reform, which i this i is more politically challenging. >> these are self-inflicted punches, wounds, that they crafted to make them better, and they are failing
FOX Business
Dec 28, 2012 11:00am EST
of the lack of action? >> i think the president and the congress are right now not serving the people in the best fashion. we need the fiscal cliff resolved right away. this uncertainty causes great harm to the country, and we need very aggressive plans to reformulate our budget so that we don't have to have this uncertainty hanging over us so freakedly. you know, right now, american factories have a 20% price differential with competitors all through the the world. we need our system to be more competitive so we can grow. if we raise taxes on the job creators, on the factory owners, what happens is we'll be less competitive. the 20% will grow. we'll have less factories built here in america. it's very important that washington starts working out deals right away so that the fiscal cliff can be history, and we can focus on building factories, higher people, growing. dagen: well, they are not listening to you, drew. i hate to break it to you. in the interim, your company makes wire baskets and does sheet metal fabrication. based on what you see, how much of your own customers pu
CBS
Dec 28, 2012 4:30am EST
. >> everybody's kind of in a wait and see and finger crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >> now this afternoon's white house meeting is the first time the president and all four leaders of the house and senate will meet face-to-face since november 16th. >>> a horrific smashup on the springfield interchange leaves three people dead. it happened around 7:00 last night. the i 495 flyover ramp to i-95 was blocked for most of the night as police cleared the scene. police tell us that a semitrailer was shopped in traffic when it was rear ended by a pickup truck. all three people inside that pickup died at the scene. the semi driver was not injured. >>> geneticists are studying the dna of adam lanza. he shot his mom and killed 26 people in newtown before taking his own life. the connecticut health center was asked to join the investigation to look for threws about the roots of his -- clues about the roots of his violence in his dna. >>> you can gamble 24 hours a day, 7
CNN
Dec 28, 2012 8:00am PST
those out is january 1st really isn't the only big looming deadline. the 112th congress disbands. so what is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process from the beginning. now there are some tricks that congress has to try to speed things up when it wants to. so to some degree, it's not that big of a deal. if there was a deal in the offing, january 3rd, enough votes for it, they could get around the hurdles. but i'm glad you brought up the deadlines because another one is tomorrow. unemployment benefits run out tomorrow for 1 million people. not true. the unemployment portion of the fiscal cliff actually hits us tomorrow. and that's when 1 million people are estimated to see unemploym
FOX
Dec 28, 2012 9:00am EST
russian children this morning. he signed the ban in retaliation for a new law passed by the u.s. congress that punishes russian officials for human rights abuses. many russians protested this week and even the russian foreign minister the law is a bad idea. >>> taking a look at our other top stories now. sad news this morning, desert storm commander norman schwartzkopf has died. the retired general died from economy indications of pneumonia. he was given the nickname, storming norman and best known for leading international forces in iraq in 1991. he was 78 years old. >>> former president george h.w. bush is in intensive care in a hospital this morning in houston county. he is battling several complications, including bronchitis and a fever. he was admitted to the hospital last month. >>> here we go. >> hear the music -- >> you know what it is, yep. dave ross is hear to talk redskins, cowboys. hello there. >> what a show. when you have the first ladies of football in the house, right on in studio b. they played at my brother's wedding 10 years ago. >> did they really? >> incredible band.
FOX
Dec 28, 2012 6:00am EST
adopting russian children. it is in retaalation united nations for a new law passed by congress that punishes officials for human rights abuses. >>> still ahead, redskins mania here at fox 5. >> dave ross is here all morning long with a preview of the sunday match-up. in the 7:00 hour, some trash talking with our counterparts at the fox station in dallas. >>> at 9:15, some of the redskins cheerleaders will join us live in studio. it is redskins all day here on fox 5. we'll be right pack. -- we'll be right back. %uÑó >>> the united states is ordering all embassy staff in the country of the central african retubal to leave and last night, a u.s. air force cargo plane evacuated the american ambassador and about 40 other american citizens. it is because rebels have taken over more towns near the capital this week. >>> da vip which i equine emergency transport based in poolesville, maryland is helping a group of miniature horses make their way to newtown, connecticut. the therapy horses typically visit sick, at risk or abused children. davinci volunteered to transport the and medicals s
FOX News
Dec 28, 2012 2:00pm PST
families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion at the white house with the leadership in the senate how to prevent tax hike in the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agre agreement as we speak. if an agreement isn't reached in time between senator reid and senator mcconnell then i will urge senator reid to bring to the floor a basic package for an up-or-down vote. one that protects the middle class from the income tax hike, extends the vital lifeline of the unemployment insurance to 2 million americans looking for a job. and lays the groundwork for future cooperation, more economic growth. deficit reduction. guys, i can hear you over there. i believe such proposal could pass both houses with bipartisan majorities. as long as the leaders allow it to actually come to a vote. if members of the house or senate want to vote no, they
FOX News
Dec 28, 2012 6:00am PST
. gregg: right. >> everyone is talking about there is not enough time. this is not true. congress can do whatever it wants. if they agree, the two parties agree congress can pass things very quickly the trick is getting both sides to agree. gregg: it is always small ball and it is never really significant. which shows an utter lack of courage. and the american people, you know, feel that way too about their representatives. put up on the "gallup poll." "gallup poll", likelihood of averting the fiscal cliff. there you see, susan, people are losing faith. i'm actually surprised that they haven't lost all faith. >> actually i was going to say the same thing. i think that number is pretty surprising. i would think it is much higher at this point. perhaps the public is getting used to this kind of game they play chicken and at the last second they come up with a deal. remember august 2011, we thought the nation was running out of money, we would hit the debt ceiling, government would partially shut down, literally at last second they came up with something and it was averted. people probably
WHUT
Dec 28, 2012 7:00am EST
a bit of a response from politicians acknowledging the public mood, trying to set things right. this, france, is what the president of the governing congress party had to say. >> our thoughts are with the young woman who is fighting for her life after this attack. and our wish today is that she recovers and that she -- >> those are of sympathy. but also talk of new legislation. is that what people think are needed, or just currently putting the proper laws that exist into practice. >> i think a lot of effort is focused on trying to insure that the laws that do exist are exercised by people. the police forces and the courts. the biggest reform measure of the government's picking up on the back of these protests is the fact that they're trying to now make sure that rape cases are tried in fast track courts. india's judicial center is flawed and what tends to happen is a lot of women who are victims of rape simply stop testifying because, you know, they just want to forget the incident on move on with their life. or their fear of retribution and intimidation. it's not unknown for people
ABC
Dec 28, 2012 6:00am PST
. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. treasury department would have trouble paying its bills. many worry the financial woes would plunge the u.s. back into a recession. within possible effect of the fiscal cliff/fro, -- milk prices could spike two or three dollars a gallon because farm -- some are calling that dairy cliff. >>> 6:17. mike here tracking light rain.i. l >> i'd like to. >> here's mike with the weather. >>> thank you, hope you are having a great friday morning dry sky over san francisco from the east to sutro tower. light rain showing up off the sonoma county coast,oo8Ñ let's zoom down and show you highway 1 from to inverness looks like it is raining but not reaching the ground. sprinkles possible during the as air mass start to moisten under this flow from the west. best chance of light rain around noon and later this afternoon. until then, chilly, dress for temperatures in the 30s everywhere, except fremont, 41, oakland if you are san francisc
CNBC
Dec 28, 2012 1:00pm EST
worried whatever deal they would agree to right now would be a bad deal. come in the next congress what we're going to see is more democratic seats in the senate and the house. they think they'll have a better chance of getting what they want. john boehner is not going to roll over and do whatever they want. we're going to play this over and over and over again, not just on the debt ceiling but when government spending runs out. >> to mr. haven, my son's great english teacher, they haven't gotten anything done yet. eamon. thank you. >> michelle, the london whale the big headlinen2012. will the orlando whale make a big splash in 2013. just imagine, you may be able to get a piece of shamu. the story next on "power lunch." >>> this cnbc program is sponsored by the lincoln wish list event. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >
NBC
Dec 28, 2012 7:00am EST
congress doesn't approve a farm bill by january 1st, the price of milk could go up. way up. right now an average gallon costs $3.65. it could soar to between $6 and $8. mara has three little kids. that means a lot of milk. >> you have to have it for young kids. it helps them grow. so it's hard when it gets that expensive. >> reporter: for many families, milk is a staple they can't cut back on. >> a lot of families that are tight, incomewise, they don't want to buy milk at $7, $8. >> reporter: it's not just milk prices. all dairy products would be affected. imagine if wisconsin cheddar cost more than imported french brie. what would that mean for the average grilled cheese? one part of the complicated farm bill controls the dairy market. without it, pricing would go back to an outdated law put in place during the truman era. the government would be required to buy dairy products based on 1949 production costs when milking was done by hand. that would double today's price. >> it's a disaster. i mean, people don't really know what will happen other than it'll be just horrible. >> reporter:
CBS
Dec 28, 2012 5:00pm EST
would be bad for businesses that depend on family spending. fortunately congress can prevent it from happening if they act right now. i just add good and constructive discussion here at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reed and mcconnell are working on such an agreement as we speak. but, if an agreement isn't reached in time, between senator reid and senator mcconnell, then i will urge senator reid to bring it to floor a basic package for an up or down vote, one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. guys, i can hear you over there. i believe such proposal could pass both houses with bipartisan majorities as long as those leaders allow to the actually come to a vote. if members of the house or the senate wa
FOX
Dec 28, 2012 5:00pm EST
middle-class families and for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i am optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but, if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation of more economic growth and deficit reduction. guys, i can hear you over here. i believe such proposal could pass both houses with bipartisan majorities, as long as those leaders allow it to actually come to a vote. if members of the house or
MSNBC
Dec 28, 2012 9:00am PST
whether or not that -- members of congress meet the president today. that's where we are right now. we just don't know just -- much of anything. though this deal if it is, in fact, true, is a sign of progress. and probably does indicate that maybe we are reach something sort of end game of the fiscal cliff. >> this 400,000 number, professor dyson, this is not the president's number. this is way past the red line. i'm not reporting that it is happening. but i am reporting that it is being floated as another republican offer. if -- i want to be clear. these things move around. maggie, ju just laughing at me. >> the season to be jolly. it is friday. >> yeah. if we can't part take in the jolly who among us can? professor dyson, 400-k, if that's being floated and way past the red line for the re-elected president, what do you make of the politics of this? >> 401-k is right if that's what if you are trying to retire. that's ridiculous. the president's number, as you said was 250,000 if you are going to go old school street lottery. therefore, drew some advantage. the reality is that the pres
ABC
Dec 28, 2012 5:00pm EST
would be bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if the act right now. i just had a good and constructive discussion here in the white house with senate and house leadership about how to prevent the tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement is not reached in time, between senator reid and senator mcconnell, i will urge senator reid to bring to the floor a basic package for and getan up or down vote, one that extends the vital lifeline of unemployment insurance to 2 million americans, and lays the groundwork for future cooperation on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities, as long as those leaders allowed to actually come to a vote. if members of the house of the senate want to vote no they can. but we should let everybody vote. that is the way this is supposed to work. if
CSPAN
Dec 28, 2012 2:00pm EST
tomorrow's air force. it is important congress has its voice heard. i did not presume to know we were right. i did know there had to be some alternative evidence. -- avenues. within the intelligence arena, we had a chance to look closely to unmanned area vehicles. it seemed to me this could be a pathway to revolution .it. it would not have happened, had congress not been involved. >> we could probably offer some examples from the other direction, so let me understand how does the public get best served with the competing forces that all want their program to continue? their district to be served. >> it is a big part of our job. it is an appropriators responsibility to be involved in that fight. it involves both oversight and insisting that money be spent well. i must say it comes to mind that one of the first projects i was ever involved in, a young person dropped a ping-pong ball on his back window during the 1938 flood. the ball hit the water and floated out the back fence. many years later, and earmarked back here that led to the project, that sort of seven oaks dam, ensures that entire
KICU
Dec 27, 2012 7:00pm PST
we can't get a compromise and some is with the right ideology. >> it seems like you're not being represented. you have interest that are overriding the people's concerns and i think that's an example of what happens in congress. >> the tax policy centers say the lowest income folks will see their take home paycheck shrink by 3.5% and average 4% and top earn ers about 6% but that says nothing of lost deductions or other unknowns such as recession driven pay cuts and decreased economic decrease. americans on unemployed benefits, they get cut off january 1st. tom, ktu channel 2 news >>> americans are buying new homes. the commerce department said the homes are 4% this month. that's the strongest rate when a temperature home buyers tax credit boosted sales. with rising sales, available homes have dropped. it's 149,000s are on the market. >> the county fire protection announced meeting times affected by next month's closure of 4 fire stations. the fire chief and board members will be at each meeting to take questions and discuss the affects of the closures. martinez, and clayton will
MSNBC
Dec 28, 2012 1:00pm PST
on sunday and you get to vote on a good deal. >> thank you. coming together with coffee. >> all right. when we come back, more from the halls of congress and today's main attraction at the white house. [ male announcer ] playing in the nfl is tough. ♪ doing it with a cold, just not going to happen. vicks dayquil -- powerful non-drowsy 6-symptom cold & flu relief. ♪ no matter what city you're playing tomorrow. [ coughs ] [ male announcer ] you can't let a cold keep you up tonight. ♪ vicks nyquil -- powerful nighttime 6-symptom cold & flu relief. ♪ and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> the highly anticipated white house meeting between president obama and congre
CSPAN
Dec 28, 2012 12:00pm EST
american people right now and go forward, knowing that a lot can be done next year with the new congress. no one wants to see tax increases on every american. no one wants to see america's defense budget decimated, which is what will happen on december 31 in sequestration automatically with no action. no one wants to see unemployment tick up. and no one wants to see another recession when we've he barely started on a very small and slow road to recovery from the last one. the consequences are enormous. the child tax credit, for instance, is $1,000 per child and refundable today. january 1 of next year, it will be $500 per child. not refundable. the adoption tax credit, which has helped many american families ease the cost of adoption in giving children a home who wouldn't have one otherwise. today that's a $12,650 deduction. as of january 1, it would be $6,000 and not applicable to any child except one with special needs, which is a wonderful thing, but why not go the full amount for every child that is adoptable? the marriage penalty relief will be significantly reduced if we don't do s
CBS
Dec 28, 2012 7:00am PST
indication right now heading into january that congress and the president are more prepared to deal with the grander scheme here as opposed to something smaller. >> maggie what about the notion that a lot of people at this point might want to punt on this, and that is republicans in congress specifically then can say in january, if they pass a new bill that they cut taxes technically speaking. is there something to that notion? >> there is, my colleague john allen wrote about that for both sides. it's true for the president as well. he will be able to get the taxes on higher earners, tax increases that he's expecting to get. i think there's something for both sides here. i think it is worse for republicans in the longer term if we don't have a deal but i don't think this is going to look great for anybody short term. >> it's the illusion of progress. >> it's the illusion of progress, but you know look if we don't have a deal we are opening markets that are going to be in a bit of turmoil next week. that is what voters are going to see. they're not going to look at a balance sheet and say thi
CSPAN
Dec 27, 2012 8:00pm EST
not vote for something that means we would be voting with the right-right-wing of the republicans. we would not do that, we were democrats. we used our voices well and i'm proud on who the progressives are. >> has the democratic party changed since you've been in congress? >> oh, yeah. >> how has it changed? >> the whole congress has changed. when i was first elected and sworn in a liberal issue came up on the floor there would be about 125 of us that would be automatic vote. now, sometimes there is less than 20, depending on -- i believe the country is moving to the center. i believe democrats are moving to the center also but you have to have a left progressive wing or the center is going to be left and we're going to go falling -- talk about falling off cliffs. there will be no end to what can happen to regular people in this country. >> how have you observed the republican party changing in the last 20 years? >> they have always been a locked. they don't change much. the tea party got in their way. i don't know if they have them in their hand now, i don't know. but they are pretty in sync and the other thing i learned is they have three rails, politics, legislation, and against the democrats. they are all well funded. the democrats have politics and legis
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